AFFIDAVIT OF TITLE

STATE OF  NEW JERSEY,							
COUNTY OF ______________________________ ,	SS:
_______________________________________, MANAGING MEMBER of __________________________________, L.L.C.   say(s) under oath:
1.	Officers.  I/We are the managing members of   __________________________________, L.L.C. a limited liability company of the State of New Jersey.  The Limited Liability Company will be called the “LLC” and sometimes simply “it” or its”.
The Managing Member(s) of the LLC is/are ______________________________ and resides at _________________________ .
________________________________________.  We are fully familiar with the business of the LLC.  We are citizens of the United States and at least 18 years old.
2.	Representations.  These statements contained in this affidavit are true to the best of our knowledge, information and belief.
3.	Authority.  The LLC is the only owner of property located at _________________________________________ called “this property”.  This property is to be SOLD by the LLC to  ________________________________________________.
This action, and the making of this affidavit of title, have been duly authorized by Consent of Members of the LLC.   A copy of this Consent is attached and made a part of this affidavit.  The LLC is legally authorized to transact business in New Jersey. Its charter has never been suspended or revoked.  It is not restrained from doing business nor has any legal action been taken for that purpose  It has never changed it’s name or used any other name.
4.	Approval by Members. (check one only)
	[  ]	Members approval is not required.
[  ]	Members approval acknowledged by Consent or Certified Resolution, copy attached.
	[  ]		This is a sale of all or substantially all of the assets of the LLC.  The sale is not made in the regular course of the business of the LLC.  A copy of the authorization and approval of the shareholders is attached.
5.	Ownership and Possession.  It has owned this property since ________________________ , _________.
Since then no one has questioned its right to possession or ownership.  The LLC has sole possession of this property.  There are no tenants or other occupants of this property.  It has never owned any property which is next to this property.
[ ]	Except for its agreement with the Buyers it has not signed any contracts to sell this property.  It has not given anyone else any rights concerning the purchase or lease of this property.  
[ ]	We now mortgage this property to  _____________________________________ called “the Mortgagee”.  The date of this mortgage is the same as this affidavit. This mortgage is given to secure a mortgage loan in the sum of  $ ___________________________________ .

6.	Improvements.  No additions, alterations or improvements are now in progress or have been made to this property since ____________________________.  It has always obtained all necessary permits and certificates of occupancy.  All charges for municipal improvements such as sewers, sidewalks, curbs or similar improvements benefiting this property have been paid in full.  No building, addition, extension or alteration on this property has been made or worked on within the past four months.  The LLC is not aware that anyone has filed or intends to file a mechanic’s lien or building contract relating to this property.  No one has notified it that money is due and owing for construction or repair work on this property.  FURTHER, THE LLC CONTINUED TO BE A VALID LLC IN COMPLIANCE WITH N.J.S.A. 42:2B-1 ET SEQ., THERE HAVE BEEN NO CHANGES IN THE COMPOSITION OF THE LLC SINCE ITS FORMATION AND THIS TRANSACTION IS IN THE ORDINARY COURSE OF BUSINESS.  THE [TRANSFER] [MORTGAGE] OF SUBJECT PROPERTY WILL NOT RENDER THE LLC INSOLVENT.
7.	Liens or Encumbrances  No additions, alterations or improvements are now being made or have been made to this property since four months last past.  We have always obtained all necessary permits and certificates of occupancy.  All charges for municipal improvements such as sewers, sidewalks, curbs or similar improvements benefiting this property have been paid in full.   No building, addition, extension or alteration on this property has been made or worked on within the past four months.  We are not aware that anyone has filed or intends to file a mechanic’s lien, construction lien, notice of unpaid balance, lien claim or building contract relating to this property.  No one has notified us that money is due and owing for construction, alteration or repair work on this property.  No recognizances have been filed against the deponent or the property and deponent(s) state that the property has never been used as surety for bond or bail.  There are no unpaid fines or surcharges levied against deponents by the New Jersey Motor Vehicle Commission.
8.	Exceptions.  The following is a complete list of exceptions and additions to any of the above statements.  This includes all liens or mortgages which are not being paid as a result of this transaction.  SEE REVERSE SIDE –or- [  ]  NONE
9.	Reliance.  The LLC makes this affidavit in order to induce the Buyer(s)  to accept its deed.  It is aware that the Buyer(s) will rely on the statements made in this affidavit and on its truthfulness.
Signed and sworn to before me
___________________________________
        Managing Member
_______________________________
					   			___________________________________
Notary Public of the State of New Jersey				
My Commission Expires: _____________